Secure mobile payments appeal to 94% of North Americans

By: | Mar 18th, 2011 at 09:03PM
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Filed Under: Mobile, Services

A recent study conducted by payment solution provider Mobio Identity Systems suggests that North Americans are eager to see mobile payments become a reality. At the same time, however, security is a top concern for the majority of potential users. Mobio recently surveyed 1,085 people across North America and found that the overwhelming majority — 94% — would use mobile payments if they knew the system was secure. Mobio’s study also found that 73% of respondents said security was their main concern regarding mobile payments, while 12.4% said simplicity and 8.5% said speed. As such, it’s safe to say companies looking to bring mobile payments to the mainstream market must focus a tremendous amount of effort on security. As luck would have it, this study just so happens to come from a firm that specializes in mobile payment security solutions. Will wonders never cease?

[Via NFC World]

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Zach Epstein

Zach Epstein

Zach Epstein is the Executive Editor of BGR. He has 10 years of industry experience, first in marketing and business development with two private Telcos, then as a writer and editor covering business, technology and telecommunications.


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